Chart EUR/JPY Update: Remains below 186.00/186.30 resistance
Little change, as price extend consolidation below the 186.00 level with choppy trade here tracing out a small flag pattern
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 187.47 | ** | Jul high | S1 | 185.00 | * | congestion | |
| R3 | 187.00 | * | congestion | S2 | 184.00 | * | congestion | |
| R2 | 186.30 | ** | Jun high | S3 | 183.15/00 | ** | Jun low, congestion | |
| R1 | 186.00 | * | congestion | S4 | 182.00 | * | congestion, May low |
Asterisk denotes strength of level
01:10 GMT - Little change, as price extend consolidation below the 186.00 level with choppy trade here tracing out a small flag pattern. Bullish gains from the 179.35 low keep pressure on the upside and break will see room to strong resistance at the 186.30 June high and congestion area which is expected to cap. Break here, if seen, will see room to 187.00 and 187.47, July high. Meanwhile, support remains at the 185.00 level. Below here will fade the upside pressure and see room for pullback to correct the strong gains from the 179.35 low to the strong support at 184.00 congestion and 183.15, June low.